Twenty Mile Metals Inc. Announces Private Placement to Raise Up to $2 Million

Twenty Mile Metals Inc., a Vancouver-based mineral exploration company, has announced plans to raise up to $2 million through a non-brokered private placement of up to 25 million common shares at a price of $0.08 each. The funds will be used for general exploration activities and general corporate purposes.

The company intends to issue the common shares under the private placement, which is subject to certain conditions, including the receipt of all necessary regulatory approvals, including acceptance from the TSX Venture Exchange (TSXV). The common shares issued will be subject to a four-month and one-day hold period, in accordance with applicable securities laws and the policies of the TSXV.

Twenty Mile Metals Inc. is currently advancing precious-metals and critical minerals projects in British Columbia.

The private placement is expected to provide the company with the necessary capital to advance its projects and explore new opportunities in the mineral sector.

Twenty Mile Metals Inc. is focused on identifying and developing mineral resources in British Columbia, with a particular emphasis on precious metals and critical minerals. The company's exploration activities are expected to contribute to the region's economic growth and support the development of sustainable mining practices.

The private placement is subject to the approval of the TSXV and other regulatory requirements. The company will provide further updates on the progress of the private placement as it becomes available.